0
0
0
Protecting Americans’ Investments from Woke Policies Act
10/4/2024, 8:07 PM
Summary of Bill HR 5339
The bill titled "Protecting Americans’ Investments from Woke Policies Act," designated as H.R. 5339 in the 118th Congress and introduced on September 5, 2023, aims to safeguard American investments from policies deemed as "woke." The bill contains key provisions aimed at addressing perceived risks associated with woke ideologies impacting investment decisions, though specific directives or actions proposed within the bill are not explicitly outlined in the provided context.
Congressional Summary of HR 5339
Roll back ESG To Increase Retirement Earnings Act or the RETIRE Act
This bill generally requires fiduciaries of employer-sponsored retirement plans to make investment decisions based only on pecuniary factors (i.e., factors that a fiduciary prudently determines are expected to have a material effect on the risk or return of an investment based on appropriate investment horizons consistent with the plan's policies and objectives).
The bill allows nonpecuniary factors to be considered in certain situations, such as when selecting investment options for certain participant-directed retirement plans or if the fiduciary is unable to distinguish between investment alternatives on the basis of pecuniary factors alone.
Read the Full Bill
Current Status of Bill HR 5339
Bill HR 5339 is currently in the status of Introduced to Senate since September 19, 2024. Bill HR 5339 was introduced during Congress 118 and was introduced to the House on September 5, 2023. Bill HR 5339's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of September 19, 2024
Bipartisan Support of Bill HR 5339
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
0Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 5339
Primary Policy Focus
Labor and EmploymentPotential Impact Areas
- Business ethics
- Employee benefits and pensions
- Financial services and investments
Alternate Title(s) of Bill HR 5339
Protecting Americans’ Investments from Woke Policies Act
Roll back ESG To Increase Retirement Earnings Act
RETIRE Act
No Discrimination in My Benefits Act
Retirement Proxy Protection Act
Providing Complete Information to Retirement Investors Act
Protecting Americans’ Investments from Woke Policies Act
Protecting Americans’ Investments from Woke Policies Act
Retirement Proxy Protection Act
No Discrimination in My Benefits Act
RETIRE Act
Roll back ESG To Increase Retirement Earnings Act
Providing Complete Information to Retirement Investors Act
RETIRE Act
Roll back ESG To Increase Retirement Earnings Act
Roll back ESG To Increase Retirement Earnings Act
RETIRE Act
To amend the Employee Retirement Income Security Act of 1974 to specify requirements concerning the consideration of pecuniary and non-pecuniary factors, and for other purposes.
Comments
Sponsors and Cosponsors of HR 5339
Latest Bills
Quantum Instrumentation for Science and Engineering Act
Bill HR 8237April 11, 2026
American Homes First Act
Bill S 4240April 11, 2026
NO TOD Act
Bill HR 8230April 11, 2026
Save Struggling Hospitals Act
Bill S 4233April 11, 2026
HOPE with Fertility Services Act
Bill HR 8119April 11, 2026
Books Save Lives Act
Bill HR 8235April 11, 2026
Endless Mountains National Heritage Area Act
Bill S 4238April 11, 2026
Virtual Readiness Act of 2026
Bill HR 8243April 11, 2026
Veterans Benefits Information Protection Act
Bill HR 8120April 11, 2026
CFTC Proprietary Information Act of 2026
Bill HR 8125April 11, 2026
Ensuring Sound Guidance Act
Bill S 2282March 12, 2024
Providing for consideration of the bill (H.R. 3724) to amend the Higher Education Act of 1965 to prohibit recognized accrediting agencies and associations from requiring, encouraging, or coercing institutions of higher education to meet any political litmus test or violate any right protected by the Constitution as a condition of accreditation; providing for consideration of the bill (H.R. 4790) to amend the Federal securities laws with respect to the materiality of disclosure requirements, to establish the Public Company Advisory Committee, and for other purposes; providing for consideration of the bill (H.R. 5179) to require the maintenance of the country of origin markings for imported goods produced in the West Bank or Gaza, and for other purposes; providing for consideration of the bill (H.R. 5339) to amend the Employee Retirement Income Security Act of 1974 to specify requirements concerning the consideration of pecuniary and non-pecuniary factors, and for other purposes; providing for consideration of the bill (H.R. 5717) to provide that sanctuary jurisdictions that provide benefits to aliens who are present in the United States without lawful status under the immigration laws are ineligible for Federal funds intended to benefit such aliens; providing for consideration of the bill (H.R. 7909) to amend the Immigration and Nationality Act to provide that aliens who have been convicted of or who have committed sex offenses or domestic violence are inadmissible and deportable; and providing for consideration of the joint resolution (H.J. Res. 136) providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Environmental Protection Agency relating to "Multi-Pollutant Emissions Standards for Model Years 2027 and Later Light-Duty and Medium-Duty Vehicles".
Bill HRES 1455October 4, 2024
Ensuring Sound Guidance Act
Bill HR 4237December 12, 2023